Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,590,620,141 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Bond Anticipation Note

   Also found in: Dictionary/thesaurus, Medical, Legal, Acronyms, Encyclopedia, Wikipedia, Hutchinson 0.03 sec.
Bond anticipation note (BAN)
A short-term debt instrument issued by a state or municipality to borrow against the proceeds of an upcoming bond issue.
Bond Anticipation Note
A short-term note, usually but not always issued by a municipality, used to finance some project. BANs are often issued with a maturity of one year or less; the proceeds are paid by the issue of a larger bond with a longer maturity. A construction loan note, in which a city finances private construction, is an example of a bond anticipation note. See also: IDC, RAN.
bond anticipation note (BAN)
A short-term municipal security that has its principal repaid from the proceeds of a long-term municipal bond issue that is sold at a later date. Essentially, BANs represent debt that is used until long-term funding is available.
How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link 		Feedback
Add definition
Mentioned in?  References in periodicals archive?   Financial browser?   Full browser?
 
76 million in bond anticipation notes, Moody's Investor Services and Standard & Poor's reaffirmed the city's favorable credit ratings.
Rating game; Worcester dodges bullet in bond sales by Telegram & Gazette (Worcester, MA)
Intended to streamline and modernize municipal finance, the Revised Municipal Finance Act (Act 34) authorizes the use of several new types of securities, including bond anticipation notes (BANs), grant anticipation notes (GANs), and limited tax general obligation bonds.
Michigan Modernizes Municipal Finance Law. (New Briefs) by Government Finance Review
Chief credit concerns include added financial exposure resulting from future termination payments in the event the swaption is exercised and the district's ability to access the short-term market to sell the proposed bond anticipation notes upon exercise of the swaption.
Fitch: Incremental Risk Associated with Dayton City School District, ... by Business Wire
 
 
 
Financial Dictionary
?

Terms of Use | Privacy policy | Feedback | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.